UnitedHealthcare and Hickory, N.C.-based Catawba Valley Medical Center ended their contract on Oct. 1, bringing the provider out of network for thousands of local UnitedHealthcare members.
Transactions & Valuation Issues
Seven transactions involving hospitals and health systems have been announced, finalized or advanced in the last two weeks:
Monongahela Valley Hospital, a 200-bed facility in Wickerham Manor-Fisher, Pa., joined DuBois, Pa.-based Penn Highlands Healthcare.
In an effort to improve rural healthcare in western North Carolina, Blue Ridge HealthCare and UNC Health finalized their Management Services Agreement, UNC Health said Oct. 1.
Altamonte Springs, Fla.-based AdventHealth said Oct. 1 that it finalized an acquisition of a 230-bed Georgia hospital and its related businesses from Nashville, Tenn.-based HCA Healthcare.
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Highlands Medical Center, a 170-bed hospital in Scottsboro, Ala., will join Huntsville (Ala.) Hospital Health System on Oct. 1, according to local news station WHNT.
Walgreens Boots Alliance is considering a takeover of healthcare company Evolent Care, Bloomberg reported Sept. 29.
San Antonio-based University Health plans to purchase 68 acres of land for a new hospital, the San Antonio Express-News reported.
The healthcare industry saw 252 merger and acquisition deals in August despite the COVID-19 surge, Bloomberg Law reported Sept. 29.
LifePoint Health, an 84-hospital system based in Brentwood, Tenn., has been involved in several transactions in the last six months.